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German service sector slips back into contraction in October
The German service sector slipped back into contraction at the start of the fourth quarter amid persistent weakness in demand, according to the latest HCOB PMI® survey compiled by S&P Global. There continued to be only limited spillover to the labour market, however, with employment decreasing just fractionally. Firms' expectations towards future activity remained subdued, although confidence did at least improve. Inflationary pressures across the services economy meanwhile continued to ease, with businesses recording the slowest rise in prices charged for almost two-and-a-half years due to softer cost increases and ... (full story)